Joe Copia's daytrades/investments and thoughts Message Board

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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: Dave Gore who wrote (21841)	3/15/2000 11:16:00 AM
From: Joe Copia	Read Replies (3) of 25711

Have anyone of you seen this trend? MM's are not filling orders very quickly or at all on many OTC/BB stocks, especially at the open, but also during the trading day. Locked bid and asks are also becoming more common (i.e. bid and ask the same which means that no trading will occur). Either they are short and overwhelmed (temporarily) by buying, they are trying to "hide" momentum, or they are trying to panic people out of shares with their (temporary) inactivity so they can pick up cheap shares. What they really want are Market order buys and sells of course. Dave, The above statements are misleading. The reality to all these slow fills and "locks" are due to the numbers of traders that are now flooding the market. These firms do not have enough people to take care of all the business and they simply do not answer their phones. An MM will "lock" the stock to wake the other MM and try to alert him to pick up his/her phone. It is just that simple. It is not a "conspiracy".

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